The LIFE initiative has the goal to develop the science, the technology and a roadmap for an aspiring space mission that will allow humankind to detect and characterize, via nulling interferometry, the atmospheres of hundreds of nearby extrasolar planets including dozens that may be similar to Earth. This follow-up talk will tackle more of the techniques and technologies that will enable such an ambitious undertaking. I will outline the underlying measuring principle, and provide some overview over essential technologies, their current status and necessary developments.